Cultural Differences in Risk Management

Risk culture, cultural differences, leadership, and risk management are closely connected to how people perceive and respond to risk.In this RiskMasters — The Download segment, Horst Simon draws on his international experience to explore how cultural worldviews influence risk behaviour inside organisations. He discusses three broad perspectives, guilt versus innocence, honour versus shame, and power versus fear, and explains why organisations operating across cultures need to consider these differences when developing risk policies and processes.The conversation also explores how generational differences influence attitudes towards work, organisations, mobility, and risk, creating another important consideration for leaders building an effective risk culture.Listeners will gain insight into:• How cultural differences can influence risk management decisions• Why the same risk policy may be interpreted differently across cultures• How cultural worldviews shape attitudes towards responsibility and consequences• Why generational differences matter when building risk culture• How global organisations can consider human behaviour within risk frameworksThis extract is taken from the full RiskMasters interview with Horst Simon on risk culture, people risk, leadership, operational risk, and the future of risk management, available on Apple Podcasts, Spotify, and at aevitium.com.